Real estate market data for Valley Village, California provided by Joe Oscar Neuah of Rodeo Realty Inc, Valley Village
Call 818-481-0751 if you would like more detailed market information specific to your neighborhood.
Valley Village Home Prices
We have seen 7 straight months of listing price increases on home prices in Valley Village and don’t expect things to slow down anytime soon. If you are considering buying a home you can still find deals on a . but having a good real estate agent who understands the market is a must. Don’t wait on the sidelines for too long, many of our listings are starting to sell within a few days of hitting the market.
As you can see from the graph below, listings are not selling exactly for asking price, often they sell for more. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Chugiak home on which you are making an offer.
If you are interested in how much current inventory is on the market in Valley Village you can find that information by clicking on the link. High inventory will suggest that homes are sitting on the market for longer. Currently in this area of Valley Village, homes have a median time of 34 days on the market before they sell. This would suggest that buyers are in a great position to make an aggressive offer on a home. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. Low inventory in Valley Village has multiple offers coming in on homes similar to what we saw back in 2007. I wouldn't expect home prices to run up quite as fast as they did back then as banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse. But low inventory is one indicator that prices should continue to rise.
Valley Village Real Estate Report Summary
The median list price in May for single family homes in Valley Village
(91607) is $602,950. The list prices increased from the previous month.
The price per square foot for listings in this area is $438.
The number of active listings in Valley Village (91607) increased by 7.6% from the previous month.
Find Homes for Sale in Valley Village, CA
Visit my website to search for homes in Valley Village or to be notified when Valley Village homes come on the market.
To find out what you home is worth in the current market email me or call 818-481-0751.
Thank you for reading about Home Prices in Valley Village, CA for May 2014.
Provided courtesy of Liveinsanfernandovalley.com
Rodeo Realty Inc. Sherman Oaks CA
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